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Monthly unemployment rate in the United Kingdom July 2023

United Kingdom: Unemployment rate from July 2022 to July 2023

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Source

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Release date

September 2023

Region

United Kingdom (Great Britain)

Survey time period

July 2022 to July 2023

Age group

16 years and older

Special properties

Seasonally adjusted

Supplementary notes

Seasonal adjustment is a statistical method for removing the seasonal component of a time series that is used when analyzing non-seasonal trends. It is normal to report un-adjusted data for current unemployment rates, as these reflect the actual current situation. Seasonally adjusted data may be used for the longer term comparison. Unlike the trend and cyclical components, seasonal components, theoretically, happen with similar magnitude during the same time period each year. The seasonal component of a series are often considered to be uninteresting in their own right and to cause the interpretation of a series to be ambiguous. By removing the seasonal component, it is easier to focus on other components.

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